Equities research analysts forecast that Walt Disney Co (NYSE:DIS) will post $21.68 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Walt Disney’s earnings. The highest sales estimate is $21.94 billion and the lowest is $21.42 billion. Walt Disney posted sales of $15.23 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 42.4%. The company is scheduled to issue its next quarterly earnings results on Tuesday, August 6th.
On average, analysts expect that Walt Disney will report full-year sales of $71.47 billion for the current year, with estimates ranging from $70.81 billion to $72.12 billion. For the next year, analysts expect that the company will post sales of $83.96 billion, with estimates ranging from $82.84 billion to $85.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Walt Disney.
Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.02. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The firm had revenue of $14.92 billion during the quarter, compared to analysts’ expectations of $14.53 billion. During the same period in the prior year, the company earned $1.84 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis.
A number of brokerages have recently commented on DIS. Zacks Investment Research cut Walt Disney from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. ValuEngine upgraded Walt Disney from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $150.00 price target on shares of Walt Disney in a research note on Monday, April 8th. Imperial Capital increased their price target on Walt Disney from $129.00 to $139.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Finally, Goldman Sachs Group began coverage on Walt Disney in a research note on Thursday, April 4th. They issued a “buy” rating and a $142.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $144.99.
In related news, EVP Zenia B. Mucha sold 33,000 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $128.88, for a total value of $4,253,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brent Woodford sold 2,200 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $138.23, for a total value of $304,106.00. The disclosure for this sale can be found here. Insiders sold 45,400 shares of company stock valued at $5,973,980 over the last 90 days. 0.36% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of the business. Boltwood Capital Management raised its stake in shares of Walt Disney by 0.4% during the 4th quarter. Boltwood Capital Management now owns 22,637 shares of the entertainment giant’s stock worth $2,482,000 after buying an additional 94 shares during the last quarter. Stockman Wealth Management Inc. lifted its holdings in shares of Walt Disney by 1.0% in the 4th quarter. Stockman Wealth Management Inc. now owns 9,392 shares of the entertainment giant’s stock worth $1,030,000 after acquiring an additional 95 shares during the last quarter. First National Bank of Hutchinson lifted its holdings in Walt Disney by 4.0% during the 4th quarter. First National Bank of Hutchinson now owns 2,527 shares of the entertainment giant’s stock valued at $277,000 after buying an additional 97 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in Walt Disney by 0.8% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 13,091 shares of the entertainment giant’s stock valued at $1,435,000 after buying an additional 100 shares in the last quarter. Finally, Inspirion Wealth Advisors LLC lifted its holdings in Walt Disney by 5.3% during the 4th quarter. Inspirion Wealth Advisors LLC now owns 1,987 shares of the entertainment giant’s stock valued at $218,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 64.23% of the company’s stock.
Shares of DIS traded down $0.09 during trading hours on Friday, reaching $141.65. The stock had a trading volume of 11,119,997 shares, compared to its average volume of 7,208,347. Walt Disney has a 12 month low of $100.35 and a 12 month high of $142.95. The stock has a market capitalization of $254.93 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 3.79 and a beta of 0.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.74 and a current ratio of 0.77.
Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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